Secure Web Technologies for Financial Institutions

23-10-2023 | Property Development

Secure web technologies are the protective devices that shield organizations as well as users, networks and devices from cyber criminals and threats. As the most frequent channel for malware attacks, and a major reason for successful data breaches, web security is vital to business continuity.

To stay up to date with the most recent threats, it’s vital to remain vigilant when it comes to web technologies. Financial institutions can benefit by making frequent updates. With new security standards being introduced and watchdogs like Google’s Project Zero raising software developer’s bar, they will be able to keep abreast with the most recent threats.

With the right tools, processes and training finance companies can reduce the risk of data breaches and protect sensitive information from attackers. For instance, HTTPS encrypts traffic between the browser and the server, which guarantees that users’ credentials are safe. This is a must for any site collecting personal data, payment information or login details. Even blogs and websites which don’t store customer information could benefit from implementing SSL. There are many types of SSL certificates available including domain validated to extended validation.

Another important security step is to ensure that all applications on the internet are up to date. Unpatched vulnerabilities are a valuable source of information for hackers, and they can be exploited to gain access. These vulnerabilities should be addressed proactively by following application coding standards and scanning for known risks with virtual patching solutions.

A secure web portal (SWG) protects an organization from malware and enforces security rules for web/internet activities initiated by employees. Next-generation SWGs also filter unwanted software/malware at the application level rather than at the packet layer or network level. This approach is more effective than firewalls and cloud access security brokers (CASBs) which rely on stream-based antivirus scanning and are not able to detect sophisticated attacks.


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